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Date Posted: 05/05/2006
Time is running out for generic ERP-solutions
With a new solution, international ERP provider Maconomy follows a stringent growth strategy that demands 100 % dedication to industry-specific solutions. This is in line with the overall development on the ERP-market, which according to Maconomy US Country Manager, Jeff Mills, is now characterized by increasing demands for industry expertise. Competitors on the ERP-market are struggling to keep up.
- To succeed you have to acknowledge and meet the ERP market's two major trends. Solutions need to focus sharply on the demands of a specific industry and its users. And the implementation of solutions must be highly adaptable to the ever-changing conditions and challenges of the modern corporation, says Jeff Mills and continues:
- For years now, the major ERP-providers have been focusing on generic and technology-focused solutions. Now they're trying to buy or "partner" themselves into industry-specific experience and knowledge; however, this will be an expensive and lacking attempt at achieving a position, that Maconomy has had since 1990.
Focus on the advertising, IT consulting and communication industries
Maconomy X, the latest in Maconomy's portfolio of industry-specific ERP solutions, is designed and developed specifically for companies providing and invoicing services based on time-consumption. A number of analyses show that employees in such companies only register and invoice half of their work hours. Therefore, competition among these businesses is therefore concentrated on optimizing work hour registration, and thereby revenue.
- "Time is money" may be a worn-out expression, but when a company's very existence is based on providing time-based services, efficient time tracking is vital to overall profitability. Maconomy X is designed and developed for employees to register their time easily and fast. Only when employees register their time correctly, work hours can be invoiced precisely.
- All in all, Maconomy X is designed and developed to help companies spend and sell their time with more profit. That gives them the time to focus on quality. Time to improve results. Time to meet deadlines.
Maconomy X builds on more than 17 years of R&D and is based on valuable customer feedback.
Fast return on investment
Maconomy X follows in the wake of a general trend of ERP solutions to gather and discern knowledge about day-to-day business, making data available for strategic management. The last couple of years, the ERP solutions have efficiently gained market shares on the business intelligence market, meeting the very same demands as traditional business intelligence products - only in a much simpler way. They are quickly implemented and cost less for the individual business.
- The current speed of international globalization means rapid changes of many of our clients' businesses. And at the same time, they are very well aware that giving the go-ahead to a 2-3 years implementation process means running the risk of getting a system that doesn't meet future demands - once the system is finally up and running, says Jeff Mills and concludes:
- A time-consuming implementation process too often means that the company's IT investment looses value. A successful solution, on the other hand, must generate operational benefits as soon as possible. And solutions need to be industry-specific, because then they are much faster to implement. Maconomy X fully meets these demands.
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Further information
US Country Manager: Jeff Mills
195 State Street
Boston, MA 02109
Office: 617-226-7600
E-mail: info@maconomy-usa.com
About Maconomy
Maconomy business management systems are designed to improve the management and control of projects and processes across departments and organizations. Web-based Maconomy systems give real-time visibility at all levels and improve business control thanks to Maconomy’s innovative technology and the company’s comprehensive knowledge of the mission-critical needs of project and service-oriented companies and organizations.
More than 60,000 users worldwide use Maconomy to improve their business control and increase profitability. Customers include Avnet Enterprise Solutions, Deloitte, Edelman, Framfab, Fulcrum Connections Ltd., Millward Brown, Parkman, Philips Design, PricewaterhouseCoopers, KPMG, Publicis Groupe, RAMBØLL, Danish Sports Association (DIF) and WPP Group plc. Maconomy A/S was founded in 1989 and corporate headquarters are located in Copenhagen, Denmark.
For more information, please see www.maconomy.com
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